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§ 16-409. Riders or supplemental contract provisions relating to long-term care

West's Annotated Code of MarylandInsuranceEffective: June 1, 2009

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 16. Life Insurance and Annuities
Subtitle 4. Annuity and Pure Endowment Contract Provisions (Refs & Annos)
Effective: June 1, 2009
MD Code, Insurance, § 16-409
§ 16-409. Riders or supplemental contract provisions relating to long-term care
Currentness
An annuity contract may include a rider or supplemental contract provision that offers a contract holder reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution:
(1) instead of or in addition to the annuity benefits payable under the contract; or
(2) instead of all or part of the cash surrender or other nonforfeiture value of the contract.

Credits

Added by Acts 2009, c. 597, § 1, eff. June 1, 2009; Acts 2009, c. 598, § 1, eff. June 1, 2009.
MD Code, Insurance, § 16-409, MD INSURANCE § 16-409
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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